Savings plans provide discounted pay-as-you-go rates in exchange for a one-year, three-year, or five-year usage commitment. This provides significant savings for Elastic Compute Service (ECS). If your business grows and your ECS usage significantly exceeds your spend commitment amount, existing savings plan may not reduce the costs. In this case, you can upgrade the savings plans to increase the hourly commitment amount and reduce Savings Plan rates.
Upgrade rules
Types of savings plans that can be upgraded: You can upgrade general-purpose and ECS compute savings plans.
Upgrade cycle: The upgrade takes effect in the next billing cycle. For example, a savings plan is upgraded at 15:30 and the payment is settled. The price difference between the hourly commitment amounts before and after the upgrade is calculated starting 16:00. At 16:00, the system automatically increases the hourly commitment amount to the new hourly commitment amount. The expiration time of the original savings plan remains unchanged after the upgrade.
Payable amount after upgrade: The amount is calculated by using the following formula: (Hourly commitment amount after upgrade × Remaining hours - Hourly commitment amount before upgrade × Remaining hours) × Upfront payment percentage.
Procedure
Log on to the Expenses and Costs console.
In the left-side navigation pane, choose .
On the Overview tab, find the savings plan that you want to upgrade and click Upgrade in the Actions column.
On the Savings Plans | Upgrade/Downgrade page, enter the committed amount, select I have read and agree Savings Plans Terms of Service, and then click Buy Now. Then, settle the payment as prompted.
